BSLCORP

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS BSL CORPORATION BERHAD ("BSLCORP" OR THE "COMPANY") - SHARE SALE AGREEMENT ENTERED BETWEEN UNIQUE FORGING & COMPONENTS SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF THE COMPANY, AND KAB ENERGY HOLDINGS SDN. BHD. IN RELATION TO THE DISPOSAL OF THE ENTIRE EQUITY INTEREST IN MATAHARI SURIA SDN. BHD.

BSL CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
BSL CORPORATION BERHAD ("BSLCORP" OR THE "COMPANY") 
- SHARE SALE AGREEMENT ENTERED BETWEEN UNIQUE FORGING & COMPONENTS SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF THE COMPANY, AND KAB ENERGY HOLDINGS SDN. BHD. IN RELATION TO THE DISPOSAL OF THE ENTIRE EQUITY INTEREST IN MATAHARI SURIA SDN. BHD.

The Board of Directors of BSL Corporation Berhad (“BSLCorp” or the “Company”) wishes to announce that Unique Forging & Components Sdn. Bhd., a wholly owned subsidiary of the Company, had on 17 August 2022 entered into a Share Sale Agreement (“SSA”) with KAB Energy Holdings Sdn Bhd in relation to the disposal of 1,000,000 ordinary shares (“Sale Shares”) in Matahari Suria Sdn. Bhd. (“MSSB”), representing 100% of the total issued shares of MSSB for a total sale consideration of RM5,300,000.00 only, subject to the terms and conditions of the SSA (“Disposal Consideration”) (“the Disposal”).

 

Upon completion of the Disposal, MSSB shall cease to be a sub-subsidiary of BSLCorp. 

 

Further details are set out in the attachment. 

 

This announcement is dated 18 August 2022.




Please refer attachment below.



Announcement Info

Company Name BSL CORPORATION BERHAD
Stock Name BSLCORP
Date Announced 18 Aug 2022
Category General Announcement for PLC
Reference Number GA1-12082022-00019